Saturday, 4 October 2014

What is NI Act ?

Negotiable Instruments Act, 1881.

Hello everyone. How are you?

How about your experience as a BANKER(Trainee Banker)?

I hope you're doing great.

This article is dedicated to MAYA madam, who is our Term-2 Managerial Communications faculty.

She said that everyone should expertise one particular product, so that we should be able to give full disclosure about that product, pros and cons of that as well.

I will start my product to expertise very soon.... I will share in this blogspot all my work on that product.

Meanwhile I will work on Negotiable Instruments Act, 1881. Interesting facts will be there in the act and all about theory. Practicality comes when we enter in to a bank.

      NEGOTIABLE INSTRUMENTS ACT, 1881 

Negotiable Instruments Act, 1881 is an act dating from the period of British colonial rule in India that is till in force largely unchanged.

Its an act to define and Law relating to negotiable instruments which are Promissory Notes, Bill of Exchange and cheques.

Main types of negotiable instruments are:

1)Inland Instruments
2)Foreign Instruments
3)Bank Drafts







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